Business PrivacyTransferring assets into your new LLC can be a cumbersome process. If they are titled items it will take issuing bills of sale and refilling title work and deeds of trust with your County DMV and County property assessor. If they are untitled items such as cash and other assets, it’s as simple as creating a bill of sale.We provide free LLC bill of sale templates here: http://www.northwestregisteredagent.com/llc-bill-of-sale.html Free LLC capital contribution templates here: http://www.northwestregisteredagent.com/llc-capital-contribution.html And Free LLC membership certificates here: http://www.northwestregisteredagent.com/LLC-membership-certificate.html Documenting these items with a certified date is the most important thing to avoid fraudulent transfers. We recommend getting these documents ready for signing. And actually going down to your bank and asking a banker to notarize your signature. You don’t give these documents to anyone. They are all private documents, but having a notarized signature gives the documents a date should a question ever arise in the future. The important thing to remember in creating an LLC for asset protection and holding your assets is….. TO ACTUALLY PUT YOUR ASSETS IN IT!!!! Also, the LLC needs to be kept separate from your personal finances. If you have money in your LLC bank account it needs to be spent on LLC things. Not going to dinner. If you need to get money from the LLC you write a check from the LLC to you, put it in your personal bank account, and then personally pay to go to dinner. What are my options?
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How to transfer property to a LLC
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